Kaua`i single-family home sales increased between October 2008 and October 2009 as well as between Sept. 2009 and Oct. 2009.
Yes, it's GOOD NEWS! According to statistics from the MLS (Multiple Listing Service), the number of sales of single-family homes - island wide - went from 23 in Oct. 2008 to 32 in Oct. 2009. This resulted in a 39.13% increase when comparing '08 and '09 results. Six sales took place in the Hanalei district, 11 in Kawaihau, 10 in Koloa, 3 in Lihue and 2 in the Waimea district. Sales volume of single-family homes jumped 57.66% between Oct. '08 and '09.
Median sales prices for single-family homes on Kauai went down, island wide, from $515,000 in Oct. 2008 to $446,500 in Oct. 2009. If you want to see the October stats, visit: http://kauaihawaii-realestate.com/stats/Oct09Stats.pdf
In September 2009, there were 16 single-family home sales - so in one month, the number of sales doubled.
Condominium sales on Kauai also improved by 77.78 percent between Oct. 2008 (9 sales) and Oct. 2009 (16 sales). In September 2009, there were 13 condo sales island wide. However, the median price of condominiums (island wide) decreased from $520,000 in Oct. 2008 to $395.000 in Oct. 2009 Perhaps the reduction in prices is what motivated buyers to make their purchases.
-- Source: Hawaii Information Services (www.hawaiiinformation.com/REsearch)
Maybe the piece of real estate you've been dreaming about on Kauai is simply waiting for you. When paradise is calling you, call me!
Have a great day.
Mahalo
Debra
(808) 826 1846, cell (808) 635 8031
www.kauaihawaii-realestate.com
Na Pali Properties, Inc. - Located in the heart of Hanalei.
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